MENA Newswire, OTTAWA: Canada and India are close to concluding a long term uranium supply agreement valued at about C$2.8 billion, according to public statements by Indian and Canadian officials. The proposed arrangement has been described as a 10 year deal for Canadian uranium to support India’s civilian nuclear power program, with commercial supply expected to involve Cameco, one of the world’s крупней producers of uranium.
Indian High Commissioner to Canada Dinesh Patnaik has said the uranium agreement is part of a broader set of bilateral deliverables being prepared as the two countries move to restore stalled economic engagement. He said the agreement could be signed during a planned visit to India in March by Mark Carney, though neither government has released a final signing schedule or published the contract terms.
The uranium talks come amid efforts by Ottawa and New Delhi to normalize ties after a period of diplomatic strain and to restart trade discussions. In late 2025, the two governments announced the resumption of trade talks and related working level engagement. Officials on both sides have since pointed to energy and critical minerals as areas for expanded commercial cooperation, alongside technology, education and investment ties.
Canada’s ability to supply uranium to India is anchored in the bilateral civil nuclear cooperation framework that permits trade in nuclear material for peaceful use under international safeguards. Canada and India signed their nuclear cooperation agreement in 2010, and it entered into force in 2013, enabling commercial uranium sales subject to export controls and regulatory approvals. Canadian officials have said uranium exports are governed by licensing and reporting requirements.
Civil Nuclear Supply And Oversight
A prior Canada India uranium supply contract helps frame the scale of the proposed deal. In April 2015, Cameco signed a five year agreement to supply uranium to India’s Department of Atomic Energy, and Canadian government statements at the time said the contract covered more than seven million pounds of uranium. India received Canadian uranium shipments beginning in 2015, marking the first deliveries under the renewed civil nuclear trade relationship.
In the current negotiations, officials have described the prospective agreement as a long term supply arrangement, but they have not disclosed volumes, pricing formulas, delivery timetables or the identities of all counterparties that would execute the contract. In Canada, exports of uranium and related nuclear substances are regulated and require authorization, including oversight by the Canadian Nuclear Safety Commission and other federal agencies responsible for export controls.
Canada is a major global uranium supplier, with much of its production sourced from high grade deposits in northern Saskatchewan. Uranium is processed into nuclear fuel used by power reactors that generate electricity without direct carbon emissions from combustion. Canadian officials have pointed to nuclear power, along with hydroelectricity and natural gas, as part of the country’s broader energy and electricity supply mix, while emphasizing that uranium exports are conducted within strict regulatory rules.
Trade Talks And Energy Links
On the India side, uranium imports support fuel needs for reactors operating under safeguards as well as broader civilian nuclear generation requirements. India has expanded nuclear power over time through a mix of domestically designed reactors and projects developed with international partners, and it has historically supplemented domestic uranium availability with imports from multiple suppliers. Indian authorities have said maintaining reliable access to fuel is important for steady reactor operations.
Both governments have described the uranium discussions as one element of a wider agenda that includes energy trade and investment. Canadian officials have publicly discussed opportunities to increase energy commerce with India, including uranium, as the two countries work to rebuild channels for regular economic engagement. Indian officials have likewise highlighted the role of energy supplies in supporting industrial activity and power demand in one of the world’s fastest growing major economies.
If finalized, the agreement would add a significant new chapter to Canada India civil nuclear commerce, building on the post 2013 framework and the 2015 supply deal. For now, the most material details remain undisclosed, including contract volumes and pricing, and neither government has issued a signed text or formal announcement that confirms execution. Officials have indicated discussions are advanced, but a completed agreement has not been publicly released.